Avago Technologies Limited Announces Fourth Quarter and Fiscal Year 2015 Financial Results

 

AVAGO TECHNOLOGIES LIMITED 
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED 
(IN MILLIONS) 
       
   November 1,  November 2,  
    2015   2014 (1)  
       
ASSETS      
       
Current assets:      
Cash and cash equivalents $  1,822  $  1,604   
Trade accounts receivable, net    1,019     782   
Inventory    524     519   
Assets held-for-sale    22     628   
Other current assets    388     302   
Total current assets    3,775     3,835   
Property, plant and equipment, net    1,460     1,158   
Goodwill    1,674     1,596   
Intangible assets, net    3,277     3,617   
Other long-term assets    406     285   
Total assets $  10,592  $  10,491   
           
LIABILITIES AND SHAREHOLDERS' EQUITY      
       
Current liabilities:      
Accounts payable $  617  $  515   
Employee compensation and benefits      250         219      
Other current liabilities       206         236      
Current portion of long-term debt       46         46      
Total current liabilities       1,119         1,016      
             
Long-term liabilities:            
Long-term debt       3,903         4,543      
Convertible notes payable to related party - non-current       -         920      
Pension and post-retirement benefit obligations       475         506      
Other long-term liabilities       381         263      
Total liabilities       5,878         7,248      
                     
Shareholders' equity:                    
Ordinary shares, no par value       2,547         2,009      
Retained earnings       2,240         1,284      
Accumulated other comprehensive loss       (73 )       (50 )    
Total shareholders' equity       4,714         3,243      
Total liabilities and shareholders' equity   $   10,592     $   10,491      
                     
(1) Amounts as of November 2, 2014 have been derived from audited financial statements as of that date.    
             

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